Penserra Capital Management LLC and several other firms reduced their
NIKE, Inc. (NYSE:NKE) shares. Conversely, companies like
GATEWAY INVESTMENT ADVISERS LLC and
Vision Capital Management Inc acquired more shares. Despite amenities, there's a positive outlook from analysts, which resulted in the stock being upgraded by Argus. However, there's also been a significant downgrade from
DZ Bank. The stock touched a 6-year low before Q4 earnings report, despite a buying frenzy by multiple asset management companies. Nike has been juxtaposed with
lululemon in the
activewear showdown. As Nike's recovery initiates, the stock received multiple upgrades and target hikes, with a forecasted 60% rise according to a Wall Street analyst. Nike's effort in cutting carbon and having net zero goals have been recognized, but a decline in earnings is expected in an upcoming report. The stock surge has been traced back to the negotiation of a U.S.-Vietnam trade deal that reduces the tariff. Nike's CEO admits that Q4 results need improvement as the company pushes for a turnaround.
Nike Stocks NKE News Analytics from Sun, 04 May 2025 07:00:00 GMT to Sun, 13 Jul 2025 00:42:38 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -5
